The balance sheet of the Maude, Ned, and Oscar partnership on November 1, 2014 (before commencement of partnership liquidation) was as follows: Cash $ 70,000 Accounts payable $ 42,000 Inventory 60,000 Notes payable 68,000 Loan to Maude 10,000 Maude, capital (20%) 30,000 Loan to Oscar 18,000 Ned, capital (20%) 32,000 Plant assets-net 80,000 Oscar, capital (60%) 66,000 Total assets $ 238,000 Total liab./equity $ 238,000 Liquidation events in November were as follows: - All the inventory was sold for $10,000 above book value; - Plant assets with a book value of $60,000 were sold for $34,000. Determine how the available cash on November 31, 2014 should be distributed.